Galaxy Digital Inc. has set up a trading desk focused on prediction markets, according to Bloomberg. The desk is designed to give large investors greater access to prediction markets through over-the-counter (OTC) derivatives. The company’s approach is described as comparable to OTC derivatives frameworks used in other asset classes, including interest rates and commodities. By offering these instruments directly to institutional participants, Galaxy aims to provide a more structured way for investors to trade based on outcomes or forecasts embedded in prediction markets. Bloomberg also reports the development as part of a broader discussion on “Bloomberg Crypto,” where the news is presented alongside commentary about Galaxy Digital’s crypto finance business. Across the coverage, the core point is the launch of the prediction-market-focused OTC derivatives desk and its intended audience: large investors seeking exposure and liquidity through bespoke OTC products rather than only through exchange-based access.
Galaxy Digital launches OTC derivatives desk for prediction market access
Galaxy Digital Inc. has set up a trading desk focused on prediction markets, according to Bloomberg. The desk is designed to give large investors greater access to prediction markets through over-the-...
- Galaxy Digital launches a prediction market-focused trading desk.
- The desk offers over-the-counter (OTC) derivatives tied to prediction markets.
- The products are described as similar in structure to OTC derivatives used in interest rates and commodities.
- The offering is intended to improve access for large investors.
- Bloomberg reports the launch as part of its crypto coverage.
Bloomberg's Bernard Goyder joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Crypto finance conglomerate Galaxy Digital Inc. has launched a trading desk to offer large investors better access to prediction markets via over-the-counter derivatives similar to those used in markets from interest rates to commodities. (Source: Bloomberg)
2 months agoCrypto finance conglomerate Galaxy Digital Inc. has launched a trading desk to offer large investors better access to prediction markets via over-the-counter derivatives similar to those used in markets from interest rates to commodities.
2 months ago
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